0001062993-14-002268.txt : 20140417
0001062993-14-002268.hdr.sgml : 20140417
20140417154402
ACCESSION NUMBER: 0001062993-14-002268
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140416
FILED AS OF DATE: 20140417
DATE AS OF CHANGE: 20140417
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BreitBurn Energy Partners L.P.
CENTRAL INDEX KEY: 0001357371
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 743169953
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 515 SOUTH FLOWER STREET
STREET 2: SUITE 4800
CITY: LOS ANGELES
STATE: CA
ZIP: 90071
BUSINESS PHONE: (213) 225-5900
MAIL ADDRESS:
STREET 1: 515 SOUTH FLOWER STREET
STREET 2: SUITE 4800
CITY: LOS ANGELES
STATE: CA
ZIP: 90071
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jackson James G
CENTRAL INDEX KEY: 0001370811
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33055
FILM NUMBER: 14770017
MAIL ADDRESS:
STREET 1: 515 SOUTH FLOWER STREET
STREET 2: SUITE 4800
CITY: LOS ANGELES
STATE: CA
ZIP: 90071
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0306
4
2014-04-16
0001357371
BreitBurn Energy Partners L.P.
BBEP
0001370811
Jackson James G
515 S. FLOWER STREET
SUITE 4800
LOS ANGELES
CA
90071
0
1
0
0
Executive VP and CFO
Convertible Phantom Units
0
2014-04-16
4
A
0
448
0
A
Common Units
448
43944
D
Convertible Phantom Units
0
2014-04-16
4
A
0
364
0
A
Common Units
364
44563
D
Each Convertible Phantom Unit ("CPU") is a phantom equity award which includes a performance distribution right ("PDR") that entitles the holder to distributions at the same rate payable to common unitholders based upon the number of CPUs multiplied by a number ranging from 0 to 4.768 (the "multiplier") reflecting whether specified performance metrics are attained.
Represents additional CPUs received by the Reporting Person pursuant to the terms of previously granted PDRs. Each PDR entitles the Reporting Person to additional CPUs with a value equal to the amount of distributions paid on each common unit representing a limited partner interest in BBEP (a "common unit"). On April 16, 2014, BBEP paid a cash distribution to holders of its common units in an amount equal to 16.58 cents per common unit. Pursuant to the terms of the PDRs, the Reporting Person received a number of additional CPUs in respect of each PDR with a value (based on the closing price of BBEP's common units on the distribution date ($20.14)) equal to the per unit amount of the distribution. Currently, the multiplier for these CPUs is "1.25."
On December 28, 2015, the CPUs will be settled for a number of common units determined by multiplying each CPU by the multiplier.
Represents additional CPUs received by the Reporting Person pursuant to the terms of previously granted PDRs. Each PDR entitles the Reporting Person to additional CPUs with a value equal to the amount of distributions paid on each common unit. On April 16, 2014, BBEP paid a cash distribution to holders of its common units in an amount equal to 16.58 cents per common unit. Pursuant to the terms of the PDRs, the Reporting Person received a number of additional CPUs in respect of each PDR with values (based on the closing price of BBEP's common units on the distribution date ($20.14)) equal to the per unit amount of the distributions. Currently, the multiplier for these CPUs is "1."
On December 28, 2016, the CPUs will be settled for a number of common units determined by multiplying each CPU by the multiplier.
/s/ Roberta E. Kass, Attorney-in-Fact
2014-04-17